Fed clears way for banks to boost dividends

The Federal Reserve on Friday cleared the way for some major banks to boost stock dividends, prompting announcements from JPMorgan Chase, Wells Fargo and U.S. Bancorp.
JPMorgan Chase said it is increasing its dividend to 25 cents a share from 5 cents, Wells Fargo hiked its dividend to 12 cents a share from 5 cents and ...